Smart Buying

Best Time to Buy Big-Ticket Items

To every car, appliance or home, there is a season.

You could save a bundle if you make major purchases at times when prices are most likely to be at their lowest levels of the year.

Car. In early fall, dealers are trying to clear their lots to make room for the new models, so you’re likely to find generous discounts, cash rebates and extra-low-interest financing on the outgoing models. It can also help to wait until the end of the month, preferably a weekday, when dealers are eager to meet their sales quotas and even more willing to reduce prices. (See: How to Get a Great Deal On a New Car.)

Home. House-hunting in February can save you some serious cash. The median selling price of a home was 6% less, on average, compared with the rest of the year, according to a recent study from Attom Data Solutions, which tracks real estate data. (See our quiz: How Smart a Home Buyer Are You?)

Major appliance. Wait until September or October to buy a new dishwasher and dryer, and other major appliances. You can expect to find discounts of about 20% or more on older models as retailers make space for new arrivals. (See our quiz: How Long Should It Last?)

Smartphone. New phones typically drop in price a few months after their release date—which varies by manufacturer—but the previous-generation phone’s price falls immediately. For example, when Apple released the iPhone 7 last September, prices on the older 6s dropped by almost $100, according to DealNews.com.

Most Popular

Your Guide to Roth Conversions
Special Report
Tax Breaks

Your Guide to Roth Conversions

A Kiplinger Special Report
February 25, 2021
Should You Take an Extra Big RMD This Year?
required minimum distributions (RMDs)

Should You Take an Extra Big RMD This Year?

Sometimes only taking the minimum IRA distribution can be a costly mistake. When deciding how much to withdraw this year, you need to consider the big…
November 23, 2021
The Berkshire Hathaway Portfolio: All 41 Warren Buffett Stocks Ranked
stocks

The Berkshire Hathaway Portfolio: All 41 Warren Buffett Stocks Ranked

The Berkshire Hathaway portfolio is a diverse set of blue chips, and increasingly, lesser-known growth bets. Here's a look at every stock picked by Wa…
November 16, 2021

Recommended

2021 Holiday Tipping Guide: 18 People You Should Remember
Basics

2021 Holiday Tipping Guide: 18 People You Should Remember

Service workers deserve special recognition for the help they provide during COVID. That makes holiday tipping all the more important this year.
December 3, 2021
12 Best Costco Cyber Monday Deals
Costco

12 Best Costco Cyber Monday Deals

The warehouse club giant’s holiday shopping deals don’t stop with Black Friday. It has plenty of hot deals for Cyber Monday, too, and some of them inc…
November 29, 2021
Best Black Friday Deals at Costco
Costco

Best Black Friday Deals at Costco

The venerated warehouse chain unleashes holiday bargains in hopes you’ll also snap up Costco’s Kirkland Signature house-brand line of goods as well.
November 23, 2021
Shop for a New Wireless Plan and Save Big
Smart Buying

Shop for a New Wireless Plan and Save Big

Competition is fierce, and carriers are dangling free phones and streaming subscriptions.
November 23, 2021